Overall Coinexx TRADING is a trustworthy high-risk broker with an overall rating of 5 out of 10. Coinexx provides both MT4 and MT5 and offers leverage up to 1:500. Coinexx offers a Pro ECN account and a demo account.
COINEXX at a Glance
| 🔎 Broker's Name | Coinexx |
| 📍 Headquartered | Saint Vincent and the Grenadines or Seychelles |
| 📅 Year Founded | 2017 |
| ⚖️ Regulating Authorities | Not regulated |
| 🌐 Countries not accepted for trade | USA and some other countries. |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | 0.001BTC / R 389,68 |
| 💳 Deposit Options | Bitcoin, Litecoin, Ethereum, True USD, Germini USD, USDC, Bitcoin cash, Zcash, Monero, Binance coin, OmiseGo, Lisk, Siacoin, NEM, Monaco, Stratis, Dash, Dogecoin, Ether classic, Neo, BlackCoin, NXT and Pot Coin. |
| 💳 Withdrawal Options | Bitcoin, Litecoin, Ethereum, True USD, Germini USD, USDC, Bitcoin cash, Zcash, Monero, Binance coin, OmiseGo, Lisk, Siacoin, NEM, Monaco, Stratis, Dash, Dogecoin, Ether classic, Neo, BlackCoin, NXT and Pot Coin. |
| 💻 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable assets offered | 60 forex pairs, cryptocurrencies including bitcoin, litecoin and ethereum, as well stock indexes, precious metal, commodities like Oil, Gold & Silver and CFDs. |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating
4.3/5
Rated #603 of
Recommended FX Brokers
Minimum Deposit 0.001BTC
Regulators Not regulated
MetaTrader 4 and MetaTrader 5
Yes
📈 Total Pairs
60
Islamic Account Yes
Trading Fees Low
24 Hours
COINEXX Review – 22 key points quick overview:
COINEXX Overview
According to research in South, Africa Coinexx is an online broker company in Saint Vincent and the Grenadines. Coinexx Ltd also lists an address in Seychelles.
Coinexx was founded in 2017 and is an unregulated offshore broker for cryptocurrency investors. Many traders prefer Coinexx over the safety of regulatory oversight due to its high leverage and less restrictive trading conditions.
Coinexx does not restrict accounts based on the country of residence of the client, but traders should check their local regulations to avoid them where prohibited.
This broker provides Metatrader MT4 and MT5 platforms, both of which are available for PC and Mac desktops, Apple and Android mobile devices, and as a WebTrader.
Coinexx investment instruments include more than 60 forex pairs, cryptocurrencies such as bitcoin, litecoin, and Ethereum, as well as stock indexes, precious metals, and commodities such as CFDs. Forex Trading, Crypto Currency, Global Indices, and Commodities such as Oil, Gold, and Silver are among the products offered by Coinexx.
Coinexx withdrawals and deposits are only available in cryptocurrencies, and there are no deposit or withdrawal fees.
To test the ECN platform, you can open multiple demo trading accounts. Their account requires a minimum deposit of 0.001 Bitcoin, which is approximately $5.00.
Withdrawals appear to be processed manually rather than automatically, so there may be some delay until someone can approve your withdrawal before you receive it.
Coinexx has formed alliances with premium liquidity providers (LPs) to provide traders with competitive spreads and quick executions. To offer true ECN spreads starting at 0.0 pips, the broker aggregates its prices from a deep liquidity pool of Tier 1 banks and premium providers. There is no dealing desk (NDD) and there are few requotes.
COINEXX Safety and Security
One of the best benchmarks to measure the safety of a broker like Coinexx is to establish which regulating authorities are watchdogs over its actions.
Coinexx is an unregulated offshore broker with an address in Kingstown, Saint Vincent, and the Grenadines.
While the fact that Coinexx is not regulated by any financial service regulator in any country may put some traders off, it does mean that they can provide certain trading conditions that a regulated brokerage cannot due to strict regulations.
Coinexx, on the other hand, takes client fund security seriously and employs a number of safeguards to protect funds, including cold storage wallets, manual monitoring, dual authentications, and end-to-end encryption.
COINEXX Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Coinexx offers a maximum leverage ratio of 1:500 but only 1:5 on Crypto.
COINEXX Accounts
A forex account at Coinexx is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Coinexx offers a Pro ECN account and a demo account. Trading platforms MetaTrader 4 and MetaTrader 5 can be used. Hedging, scalping, expert advisors, trailing stops, pending orders, one-click trading, mobile trading, and automated trading are possible on the account. The minimum account size is $7 and the minimum position size is 0.01 lot.
Spreads are variable as follows:
Typical spread on EUR/USD, pips 0.02
Minimum spread on EUR/USD, pips 0
Commission (one-way) per 1 std. lot $2
Coinexx does not offer swap-free Islamic accounts for Muslim traders.
Overall Rating
4.3/5
Rated #603 of
Recommended FX Brokers
Minimum Deposit 0.001BTC
Regulators Not regulated
MetaTrader 4 and MetaTrader 5
Yes
📈 Total Pairs
60
Islamic Account Yes
Trading Fees Low
24 Hours
COINEXX Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex, Commodities, Indices, Equity, or stock indices, Precious metals, Energy, and Cryptocurrencies.
Coinexx offers the following of the above: 80 tradable assets. On the MT4 platform, only forex, indices, and metals are available but on the MT5 platform, clients can trade the following assets: 66 currency pairs, 2 Metals, 11 Indices, and 3 Oils.
COINEXX Fees
Cost depends on different factors, like spread and margins, and Coinexx clients may also experience different fee structures according to their country or place of residence.
Coinexx does not charge deposit fees but a banking or blockchain fee may apply if paying with cryptocurrency.
Coinexx does not charge any inactivity fees.
Coinexx offers the ‘Pro ECN account’ with floating spreads that start from 0 pips. Commissions of $2 per lot or its equivalent are charged on every trade. The minimum trade size is 0.01 lots and the maximum is 100 lots.
Overall Rating
4.3/5
Rated #603 of
Recommended FX Brokers
Minimum Deposit 0.001BTC
Regulators Not regulated
MetaTrader 4 and MetaTrader 5
Yes
📈 Total Pairs
60
Islamic Account Yes
Trading Fees Low
24 Hours
COINEXX Deposit and Withdrawal
Customers can keep their accounts in both cryptocurrencies and fiat currency. MT4 accounts are kept in USD or EUR, whereas MT5 accounts are kept in EUR, USD, BTC, LTC, ETH, BCC, and XRP.
Cryptocurrency deposits are the only ones that can be made. Bitcoin, Litecoin, Ethereum, True USD, Gemini USD, USDC, Bitcoin cash, Zcash, Monero, Binance coin, OmiseGo, Lisk, Siacoin, NEM, Monaco, Stratis, Dash, Dogecoin, Ether Classic, Neo, BlackCoin, NXT, and Pot Coin are all acceptable cryptocurrencies.
If the account currency differs from the deposit currency, the account currency will be converted at current market rates. To avoid losing their cryptos, traders must transfer to the correct address provided by Coinexx.
Withdrawals are manually processed within 48 hours. Clients can withdraw only in the same currency as their crypto wallet, with a $5 minimum withdrawal.
COINEXX Trading Platforms
The forex trading platform provided by Coinexx to its clients is in essence the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
Coinexx provides both MT4 and MT5. The Coinexx MT4 and MT5 platforms are suitable for beginner and advanced traders alike. Clients can trade on the web, desktop, or via intuitive mobile trading apps with the bonus of free VPS, managed accounts, and trading tools.
How to open a COINEXX Demo account step by step
Opening an account with Coinexx is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the COINEXX website, Click on “DEMO ACCOUNT” in the bottom right-hand corner of the website
Step 2 – Fill out the form
- Similarly to a bank, to register a forex trading account with Coinexx for the first time, you will be required to go through a basic “know your customer” process, which will allow Coinexx to ascertain your submitted details and ensure the safety of your funds and account details.
- After Registration, you will receive an email with a code to verify your account.
Overall Rating
4.3/5
Rated #603 of
Recommended FX Brokers
Minimum Deposit 0.001BTC
Regulators Not regulated
MetaTrader 4 and MetaTrader 5
Yes
📈 Total Pairs
60
Islamic Account Yes
Trading Fees Low
24 Hours
COINEXX Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of Coinexx customers can reach the support team by means of Callback service, email, live chat, Skype, and a web form. Its client support desk is available 24/7. Coinexx is also on social media; Facebook, Twitter, and LinkedIn.
COINEXX Education
Before starting to trade, potential clients of Coinexx should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
The Coinexx website lacks educational resources.
COINEXX Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitably as possible.
With Coinexx they have access to research options like trading tools that can be downloaded to the MetaTrader platforms to improve their functionality
Coinexx also provides various calculators for clients to estimate trading costs, including a Forex calculator, Margin calculator, Pip calculator, Currency converter, PNL calculator, Commission calculator, and Swap calculator.
COINEXX Awards
Being an awarded company instills extra confidence in traders.
Although Coinexx is acclaimed by customers, there is no indication of awards won on its homepage.
COINEXX vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇 Coinexx | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | 0.001BTC / R 389,68 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
COINEXX Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇United States | 81.67% |
| 🥈Australia | 3.70% |
| 🥉 India | 3.69% |
| 🥈United Kingdom | 2.35% |
| 🥇Ukraine | 2.01% |
COINEXX Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “COINEXX” is entered into Google’s search engine over a given period of time.
COINEXX Customer Reviews
Coinexx
The Coinexx online customer service agents are pretty efficient in answering customer messages. Their website was undergoing maintenance when I was doing some due diligence but the online chat agents were pretty helpful. It would be better if all the required information is published somewhere on the platform in order to minimize future discrepancies, but nevertheless, the support is good.
The forex options are wide. They have all major options, crosses, and many exotic pairs. Coinexx is the best I have seen when it comes to general pricing options and the commission it charges. There have also been no hidden charges so far.
NICE
Deposited Ethereum into my crypto wallet on Coinexx, the Ethereum prices moved slightly during that transaction and Coinexx refunded my transaction costs into my wallet. I would recommend Coinexx for crypto deposits as they protect you from price fluctuations.
COINEXX Pro and Cons
| ✔️ Pros | ❌ Cons |
| Powerful MT4/MT5 trading platforms provide | Only Crypto account funding |
| Cryptocurrency trading, accounts, and funding | No educational resources |
| STP/ECN executions in split seconds | No Islamic accounts |
| Raw spreads from just 0.0 pips | |
| Low commission fees | |
| Multiple account base currencies | |
| MAM/PAMM accounts | |
| Small minimum deposit |
Conclusion
Overall, Coinexx is a trustworthy and reliable broker that provides traders with great digital tools. Coinexx provides both MT4 and MT5. Coinexx has a Maximum Leverage of 1:500.
Disclaimer
Coinexx warns potential customers that Forex and CFD trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with Coinexx, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
Coinexx warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence Coinexx cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
COINEXX Risk Management
COINEXX is not a known company or product related to risk management. It’s possible that it is a newly established company or a private one.
Risk management is the process of identifying, assessing, and prioritizing potential risks to an organization’s capital and earnings. It includes the implementation of procedures to minimize or mitigate those risks. Common techniques include diversification, hedging, and insurance.
Frequently Asked Questions
How many instruments can I trade with Coinexx?
You can trade several different instruments with Coinexx, which include the following:
- 60 forex pairs,
- cryptocurrencies including bitcoin, lite coin, and Ethereum,
- stock indexes,
- precious metal,
- commodities like Oil, Gold, and Silver
- CFDs
Which platforms are supported by Coinexx?
Coinexx provides the following popular trading platforms:
- MT4
- MT5
Does Coinexx offer leverage?
Yes, Coinexx offers maximum leverage of up to 1: 500
Does Coinexx charge a commission?
Yes, commissions start from $4.
What is the overall rating out of 10 for Coinexx?
5/10
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